Garipian Chnar Acquires MultiFamily Property At 207 W Garfield Ave From Jaime Roberts For $2.4M
SOLD
$2,400,000
California
See Similar DealsMultiFamily6,638 SF
Sold 06/17/2021
SOLD
Garipian Chnar Acquires MultiFamily Property At 207 W Garfield Ave From Jaime Roberts For $2.4M
207 W Garfield Ave
See Similar DealsMultiFamily6,638 SF
Sold 06/17/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:6,638 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 207 W Garfield Ave in Glendale, categorized as a MultiFamily asset. The sale price for this property was $2,400,000.00, and it encompasses a total square footage of 6,638.0 SF.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,400,000.00
- Address: 207 W Garfield Ave
- Market: Glendale
- Square Footage: 6,638.0 SF
- Buyer: Garipian Chnar
- Seller: Jaime Roberts
- Brokers: Chase Simonton - Re/Max, Laura Fallieras, David Nalbandyan
Key individuals in this deal include the buyer, Garipian Chnar, and the seller, Jaime Roberts. The brokers representing the transaction are Chase Simonton from Re/Max, Laura Fallieras, and David Nalbandyan.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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